ARTICLE 2
Taxes Covered
(1) This Agreement shall apply to taxes on income and on capital imposed on behalf of a Contracting State or of its local authorities, irrespective of the manner in which they are levied.
(2) There shall be regarded as taxes on income and on capital all taxes imposed on total income, on total capital or on elements of income or of capital, including taxes on gains from the alienation of movable or immovable property, taxes on the total amounts of wages or salaries paid by enterprises as well as taxes on capital appreciation.
(3) The existing taxes to which this Agreement shall apply are:
- (a) In the case of the Lebanese Republic:
- (i) the tax on the profits of industrial, commercial and non-commercial professions;
- (ii) the tax on salaries, wages and pensions;
- (iii) the tax on income derived from movable capital;
- (iv) the tax on built property;
- (b) In the case of the Islamic Republic of Iran:
- (i) the income tax;
- (ii) the property tax.
(4) The Agreement shall apply also to any identical or substantially similar taxes which are imposed after the date of signature of this Agreement in addition to, or in place of, the existing taxes. The competent authorities of the Contracting States shall notify each other of any substantial changes which have been made in their respective taxation laws within a reasonable period of time after such changes.